Significant increase in result is seen in Hapag-Lloyd's sales, compared to the previous year.
Transport volume has slightly become below the prior-year level.
The Outlook for 2021 has been confirmed.According to an article published in Hapag-Lloyd, Hapag-Lloyd has...
Apple has increased the usage of cargo ships & and private jets to minimize shipping delays amid pandemics, reports MacRumors.
Unorthodox and costly steps
According to reports, Apple has taken “unorthodox and costly steps” to avoid product shipping delays amid the...
China's largest bunkering port of Zhoushan has awarded a bonded bunker supply licence to global trading firm Trafigura, says an article published in argusmedia.
The latest award comes less than a month after Zhoushan issued a licence to PetroChina-Shang Gang, a 50:50...
Singapore-based Eastern Pacific Shipping has been revealed as the owner behind orders last week for a pair of ethane carriers, reports Splash247.
Contract to Build Ethane Carrier
Splash reported last week Hyundai Heavy Industries had won a $219m contract to build two very...
The global container business is in chaos.
Surging consumer demand, covid outbreaks and a shortage of containers has led to higher volume for ocean carriers and congestion at ports.
Maersk, the world’s largest container shipper, has seen record...
Hyundai Samho Heavy Industries Co. has won orders for four LPG carriers worth $328.7 million (KRW 364.4 billion), reports Offshore Energy.
About the order
The orders are spread across two contracts, one with a shipowner from Liberia, and the second one...
TR Lady Shipping, a portfolio company of Tufton Investment Management, has inked an agreement with Anemoi Marine Technologies.
The main purpose of the agreement is to install rotor sails on an 82,000DWT Kamsarmax bulker.
Rotor Sails, also known...
Creditors of distressed Singapore shipping firm Pacific International Lines (PIL) were to have voted on Feb. 1 on a restructuring deal that involved a capital injection from a unit of Temasek, says an article published in The Straits Times.
PIL's...
Arne Blystad’s Songa Container has announced the sale of 2013-built 4,957 teu post-panamax boxship Songa Toscana, says an article published in splash247.
Valuation
The vessel was sold for $42.3m, far in excess of the $32.7m valuation according to both VesselsValue and MSI....
Ocean freight rates are up as much as threefold on year, and the firmness of pricing could remain and help Korea’s shippers for the rest of 2021.
The Shanghai Containerized Freight Index (SCFI) averaged 999.3 in January 2020....
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